Repayment of Utilisations Sample Clauses

The 'Repayment of Utilisations' clause defines the borrower's obligation to repay amounts that have been drawn down or utilised under a loan agreement. It typically outlines the schedule, method, and order in which repayments must be made, such as specifying whether repayments are to be made in installments or as a lump sum, and whether they apply to principal, interest, or both. This clause ensures that both parties have a clear understanding of how and when borrowed funds are to be repaid, thereby reducing the risk of disputes and providing certainty regarding the lender's expected cash flows.
Repayment of Utilisations. (a) The Borrowers shall repay the aggregate Utilisations in full on the Termination Date. (b) The Borrowers may not reborrow any part of the Facility which is repaid.
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Repayment of Utilisations. The outstanding amounts of the Utilisations will be repaid by the Borrower through one single payment on the Termination Date.
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Repayment of Utilisations. 8.2.1 The Borrower shall repay each Loan on the last day of its Interest Period. 8.2.2 Notwithstanding any other provision of this Agreement, all Utilisations and other amounts outstanding under the Facility shall be repaid on the Final Maturity Date.
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Repayment of Utilisations. The Borrower shall repay each Loan on the last day of its Interest Period.
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Repayment of Utilisations. (a) Subject to clause 6.1(c), the Borrower will repay the full amount of each Advance on the last day of the Interest Period relating to that Advance. Amounts repaid under this clause 6.1(a) may, subject to the terms of this agreement, be re-utilised. (b) The Borrower will repay to the Financier all Utilisations plus all accrued interest and accrued fees payable on or in connection with the Utilisations on the Termination Date. For the avoidance of doubt, clause 1.2(a) describes the manner in which a Letter of Credit may be repaid for the purposes of this agreement and any repayment of a Letter of Credit will be effected in that manner. (c) On the last day of an Interest Period, if the Borrower delivers a Utilisation Notice to the Financier in respect of a Rollover Advance, then only an amount equal to: (i) the amount of the Maturing Advance; less (ii) the amount of the Rollover Advance, need be paid by the Borrower to the Financier (if the amount is a positive number) or by the Financier to the Borrower (if the amount is a negative number).
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Repayment of Utilisations. (a) Subject to paragraph (b) below, each Borrower must repay each Advance in full on its Maturity Date. (b) Without prejudice to each Borrower's obligation under paragraph (a) above, if one or more Advances are to be made available to a Borrower: (i) on the same day that a maturing Advance is due to be repaid by that Borrower; (ii) in the same currency as the maturing Advance; and (iii) in whole or in part for the purpose of refinancing the maturing Advance; the aggregate amount of the new Advances shall be treated as if applied in or towards repayment of the maturing Advance so that: (A) if the amount of the maturing Advance exceeds the aggregate amount of the new Advances: (1) the relevant Borrower will only be required to pay an amount in cash in the relevant currency equal to that excess; and (2) each Lender's participation (if any) in the new Advances shall be treated as having been made available and applied by the Borrower in or towards repayment of that ▇▇▇▇▇▇'s participation (if any) in the maturing Advance and that Lender will not be required to make its participation in the new Advances available in cash; and (B) if the amount of the maturing Advance is equal to or less than the aggregate amount of the new Advances: (1) the relevant Borrower will not be required to make any payment in cash; and (2) each Lender will be required to make its participation in the new Advances available in cash only to the extent that its participation (if any) in the new Advances exceeds that ▇▇▇▇▇▇'s participation (if any) in the maturing Advance and the remainder of that ▇▇▇▇▇▇'s participation in the new Advances shall be treated as having been made available and applied by the Borrower in or towards repayment of that ▇▇▇▇▇▇'s participation in the maturing Advance. (c) At any time when a Lender becomes a Defaulting Lender, the maturity date of each of the participations of that ▇▇▇▇▇▇ in the Advances then outstanding will be automatically extended to the Final Maturity Date and will be treated as separate Advances (the “Separate Loans”) denominated in the currency in which the relevant participations are outstanding. (d) A Borrower to whom a Separate Loan is outstanding may prepay that Advance by giving five Business Days' prior notice to the Facility Agent. The Facility Agent will forward a copy of a prepayment notice received in accordance with this paragraph (d) to the Defaulting Lender concerned as soon as practicable on receipt. (e) Interest in respect of a S...
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Repayment of Utilisations 
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Related to Repayment of Utilisations

  • Costs of Utilisation 8 Interest

  • Conditions of Utilisation 4.1 Initial conditions precedent

  • Utilisation 4.1 Conditions to Utilisation Save as otherwise provided in this Agreement, an Advance will be made by the Lenders to a Borrower or a Documentary Credit will be issued by an L/C Bank at a Borrower’s (other than the US Borrower’s) request if: (a) in the case of an Advance, the Facility Agent has received from such Borrower a duly completed Utilisation Request in the relevant form, and in the case of a Documentary Credit, both the Facility Agent and the L/C Bank have received from a Borrower (other than the US Borrower) a duly completed Utilisation Request in the relevant form, in each case, no earlier than the day which is 10 Business Days and no later than 2:00 p.m. on the day which is 3 Business Days (or in the case of any Documentary Credit which is not or will not be in the form of Schedule 12 (Form of Documentary Credit), no later than 2:00 p.m. on the day which is 5 Business Days) prior to the proposed Utilisation Date for such Advance or Documentary Credit, receipt of which shall oblige such Borrower to utilise the amount requested on the Utilisation Date stated therein upon the terms and subject to the conditions contained in this Agreement; (b) the proposed Utilisation Date is a Business Day for the proposed currency of the Advance or Documentary Credit, as the case may be, which is or precedes the relevant Termination Date; (c) in the case of a Utilisation by way of Term Facility Advance, such Utilisation would result in the maximum principal amount of the Term Facility Advance being utilised, or in the case of a Utilisation by way of a Revolving Facility Advance, such Utilisation occurs on or after the maximum principal amount of the Term Facility being utilised and, the proposed Sterling Amount of such Revolving Facility Advance is (i) equal to the amount of the Available Revolving Facility Commitment at such time, or (ii) less than such amount but equal to a minimum of £5 million, or an integral multiple of £1 million; (d) in the case of a Utilisation by way of Documentary Credit, the proposed Sterling Amount of such Documentary Credit is (i) equal to the amount of the Available Revolving Facility or (ii) less than such amount but equal to or more than £1 million or such lesser amount as the L/C Bank may agree; (e) in the case of a Utilisation by way of a Revolving Facility Advance, immediately after the making of such Advance there will be no more than 10 Revolving Facility Advances then outstanding; (f) in the case of a Utilisation by way of a Documentary Credit, the proposed Term of the Documentary Credit ends on or before the Termination Date in respect of the Revolving Facility; (g) in the case of a Utilisation by way of a Revolving Facility Advance, the proposed Term of such Advance is a period of 1, 2, 3 or 6 months or such other period of up to 12 months as all the Lenders having a Revolving Facility Commitment may agree prior to submission of the relevant Utilisation Request, and ends on or before the Final Maturity Date in respect of the Revolving Facility provided that, save as the Bookrunners may otherwise agree, prior to the Syndication Date, the Term of each Revolving Facility Advance shall be 1 month (or, if less, such duration as is necessary to ensure that such Term ends on the Syndication Date); (h) in the case of a Utilisation by way of an Advance (other than a Rollover Advance), the interest rate applicable to such Advance’s first Interest Period or Term (as the case may be) will not have to be determined under Clause 15 (Market Disruption and Alternative Interest Rates); (i) in the case of a Utilisation by way of a Documentary Credit which is not substantially in the form set out in Schedule 12 (Form of Documentary Credit), the L/C Bank shall have approved the terms of such Documentary Credit (acting reasonably); and (j) in the case of any Utilisation, on the date of the Utilisation Request, the date of any Conversion Notice and the proposed Utilisation Date: (i) in the case of a Rollover Advance or a Documentary Credit which is being renewed pursuant to Clause 5.2 (Renewal of Documentary Credits), the Facility Agent shall not have received instructions from a Revolving Facility Instructing Group requiring the Facility Agent to refuse such rollover or renewal of a Documentary Credit by reason of an Event of Default having occurred which is continuing or would result from the proposed Rollover Advance or the renewal of that Documentary Credit; or (ii) in the case of any Utilisation other than that referred to in sub-paragraph (i): (A) in the case of the first Utilisation of any Facility, subject to the provisions of Clause 3.5 (Vanilla Certain Funds Period), all representations set out in Clause 21 (Representations and Warranties) made by each of the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation; (B) in the case of any Utilisation under the A1 Facility and B1 Facility, subject to the provisions of Clause 3.6 (Baseball Certain Funds Period), the Repeating Representations made by the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation; (C) in the case of any Utilisation under the B2 Facility, B3 Facility, B4 Facility, B5 Facility and B6 Facility, the Repeating Representations made by the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation; or (D) in the case of any Utilisation under the C Facility, the Repeating Representations made by the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation.

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (iii) the proposed Interest Period complies with Clause 10 (Interest Periods). (b) Only one Loan may be requested in each Utilisation Request.

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date. (b) The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date.